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South Korea Seeks $155 Billion AI Semiconductor Cooperation with U.S. Firms

From NHK · () Japanese

Translated from Japanese, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • South Korea's President Yoon Suk Yeol is seeking significant AI semiconductor cooperation with U.S. companies.
  • He addressed CEOs of major AI firms like Nvidia and OpenAI in the U.S., urging investment.
  • The South Korean presidential office announced a potential $155 billion (155 trillion won) collaboration in AI semiconductors.

South Korea is aiming for substantial cooperation in AI semiconductors with major U.S. companies, potentially involving investments worth approximately $155 billion (155 trillion won). President Yoon Suk Yeol, during a visit to the United States, directly appealed to the chief executives of leading AI firms, including Nvidia and OpenAI, to invest in the sector.

The South Korean presidential office confirmed the ambitious plan, which focuses on areas such as semiconductor production and supply chains. This initiative underscores South Korea's strategic push to bolster its position in the global AI and semiconductor industries.

President Yoon's engagement with top tech leaders signals a strong commitment to fostering partnerships and attracting foreign investment. The proposed collaboration aims to leverage cutting-edge technology and manufacturing capabilities to drive innovation and growth in the critical field of AI semiconductors.

DistantNews Editorial

Originally published by NHK in Japanese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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